Adeleto is 43 years old and married with two school-age children. He aims to improve his family's status of living and give them a better life. He engages in hog-raising to generate additional income. He plans to improve his hog-raising business to increase his income and satisfy his family's needs. He has been in this business for nearly four years. He usually earns a profit of PHP 11,000, which he spends on food and allowances for his children.
To improve the business, Adeleto is asking for a loan of PHP 15,000 to buy feed, vitamins and vaccines for his hog-raising business. He says that the loan will enable him to improve his business and hopes that he will become successful in the future.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.